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Amazon.Com Inc Declining With Trend-Confirming Volume (AMZN)

By David Diaz

Amazon.Com Inc shares are trading on heavy volume today, having fallen 2.8% to $1705.43. About 5.9 million shares have been traded today, as compared to the 30-day average volume of 5.2 million shares. Spikes in volume can validate a breakout or signify a potential turning point.

SmarTrend recommended that its subscribers protect gains by selling shares of Amazon.Com Inc on September 24th, 2018 by issuing a Downtrend alert when the shares were trading at $1,900.94. Since that call, shares of Amazon.Com Inc have fallen 7.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

In the past 52 weeks, Amazon.Com Inc share prices have been bracketed by a low of $962.50 and a high of $2050.50 and are now at $1718.87, 79% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has remained constant.

Keywords: unusual volume amazon.com inc

Ticker(s): AMZN